Market Review: Open

Overview

On 30 January 2020 the AEMC published a scoping paper for the 2020 biennial review into liquidity in wholesale and gas pipeline trading markets.
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On 30 January 2020 the AEMC published a scoping paper for the 2020 biennial review into liquidity in wholesale and gas pipeline trading markets.

The scoping paper outlines the approach the Commission proposes using, including the liquidity metrics and the markets to be evaluated.

Submissions to the scoping paper are due by Thursday 20 February 2020.

Background

On 20 December 2017 the Council of Australian Governments Energy Council (the COAG Energy Council) provided the AEMC with terms of reference to conduct a biennial review into the growth in liquidity in the wholesale gas and pipeline capacity trading markets. 
Broadly, the terms of reference require the AEMC to:

  • monitor changes in liquidity in wholesale gas and pipeline capacity markets
  • report on the effectiveness of reforms
  • identify the need for any further reforms, if appropriate.
     
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Documentation